Macquarie upgraded Broadcom from 'Neutral' to 'Outperform' and raised its price target to $490, citing strong semiconductor growth and reduced insourcing risks. Broadcom's Q3 fiscal 2026 revenue rose 33% sequentially to $29.6 billion, with a slight margin decline due to faster growth in lower-margin semiconductor sales. Despite this, Broadcom maintained a high 76.28% gross profit margin over 12 months and exceeded profit estimates. KeyBanc also reaffirmed an 'Overweight' rating with a $575 target, highlighting Broadcom's raised AI revenue outlook, expecting AI revenue to reach $115 billion in fiscal 2027 and double by 2028, driven by customers like Anthropic and OpenAI.
Broadcom reported record third-quarter results, with AI semiconductor revenue soaring 221% year-over-year and total revenue rising 86% year-over-year, surpassing analyst expectations. The company set ambitious targets for AI revenue of approximately ...
Nvidia reported a remarkable 75% non-GAAP gross margin in Q2 FY27, maintaining strong pricing power despite supply chain challenges and massive scale. Revenue grew over 105% year-over-year, with data center sales hitting $89 billion in a single quart...
Broadcom posted record third-quarter results with 86% revenue growth and 221% growth in AI semiconductor sales, driving a 92% increase in operating income and maintaining a strong 68% margin. The company expects AI semiconductor revenue to reach $21....
Broadcom's AI semiconductor revenue nearly doubled in one quarter, reaching $16.7 billion, yet its stock price is down 25% from its summer peak due to investor concerns. The company projects AI revenue to hit $230 billion by fiscal 2028, supported by...
Broadcom projects its AI semiconductor revenue will jump from $58 billion in fiscal 2026 to about $230 billion by fiscal 2028, signaling rapid growth in AI infrastructure demand. In Q3, AI-related revenue surged 221% to $16.7 billion, with a strong o...
